The global Smart TV industry is expected to reach $451.2 million | Tech Reddy

Dublin, Dec. 01, 2022 (GLOBE NEWSWIRE) — “Smart TV Market Size, Share and Analysis Report Analysis by Resolution (4K UHD TV, HDTV, Full HD TV), by Screen Size, by Screen Shape (Flat, Curved), by Operating System, by Region, and and Economic Sector 2022-2030” the report added ResearchAndMarkets.com’s an offering.

The global smart TV market size is expected to be worth USD 451.26 billion by 2030, growing at an estimated CAGR of 10.9% from 2022 to 2030.

Smart TVs offer internet connectivity and additional smart features such as web browsers, voice commands, and screen sharing. The steady increase in the use of OTT applications for streaming the latest TV content on smart TVs and the penetration of high-speed internet in the form of broadband, 4G, and 5G, is improving the viewing experience of users, which is expected to drive the growth of the market.

Moreover, the growing demand for watching TV content gives TV content producers profitable opportunities to provide users with over-the-top (OTT) platforms such as Netflix, Amazon Prime, and more on smart TVs. According to a report by MICA Ahmedabad, India, 29 million subscribers pay for 53 million OTT subscriptions by 2021. These factors are expected to contribute to the growth of the industry in the coming years.

There has been an increase in demand for 4K smart TVs as they offer improved picture and sound quality compared to lower resolution televisions. High-definition smart TVs can improve the viewing experience of consumers, thereby increasing the global demand for Full HD TV and 4K UHD TV. For example, Netflix, a streaming platform, offers high-quality TV content to stream on smart TVs. Therefore, as TV content is produced in high quality, 4K UHD TV products have seen a large market penetration, becoming the standard for most manufacturers.

The Asia Pacific region holds the largest revenue share in 2021 and is likely to lead the smart TV industry over the forecast period. According to the India Brand Equity Foundation (IBEF), TV viewing time has increased in India and sales of smart TVs will exceed 5 million units by 2020.

Moreover, China has taken over 49% of the revenue share due to increasing disposable income and standard of living. Competitive product prices, the availability of skilled workers in addition to the presence of emerging market leaders including TCL Corporation and Hisense Co., Ltd., have made China account for most of the market share in the Asia Pacific.

Smart TV Market Report Details

• In terms of resolution, the 4K UHD TV segment is expected to grow at a CAGR of more than 12% due to increasing demand for high-resolution content in entertainment and live sports.
• The above 65” screen size segment is expected to record the highest CAGR during the forecast period 2022 to 2030 as consumers look to bring home theater-like experiences.
• The flat screen shape segment is predicted to be the largest market revenue in 2021, as flat screen TVs offer a wider viewing angle for viewers and ease of wall mounting.
• The Roku operating system is expected to grow at the highest CAGR during the period 2022 to 2030 due to its ease of use and connectivity with Apple devices.
• Geographically, the Asia Pacific region had the largest market share in 2021, due to the presence of leading TV manufacturers such as Samsung, LG, TCL, and Xiaomi.
• The Android TV operating system is predicted to be the biggest market revenue in 2021 due to its huge popularity in the Play Store allowing users to download supporting apps.

Key Topics Learned:

Chapter 1 Methodology and Scope

Chapter 2 Overview of Management

Chapter 3 Market Trends, Characteristics and Scope
3.1 Market Introduction
3.2 Value Investment Analysis
3.3 Market Changes
3.3.1 Market driving analysis
3.3.1.1 The increasing use of streaming devices and the internet is driving the growth of the market
3.3.1.2 The introduction of TV resolutions in 4K, UHD and 8K encourages the expansion of the smart TV market.
3.3.2 Market constraint/challenge analysis
3.3.2.1 The rise of Over the Top (OTT) services is hampering market growth
3.4 Entry and Growth of Prospect Mapping
3.5 Business analysis – Porter’s
3.6 Business analysis – PEST
3.7 Key Company Analysis, 2021
3.7.1 Market share analysis by manufacturer, 2021
3.8 Smart TV Product Features
3.8.1 Comparison between operating systems
3.9 Ballpark Percentage of Smart TV Units (Volume) for Consumer Vs Enterprises, 2021
3.10 Ballpark Percentage of Smart TV Units (Volume) with Built-in Camera Features, 2021
3.11 Key Webcam Product List and Key Company / Public and Private Sector Competition (Key Innovators, Market Leaders, Emerging Players), Webcam Market 2021

Chapter 4 Performance Forecasting and Asset Analysis
4.1 Market Size Forecast and Forecast and Trend Analysis, 2018 – 2030 (USD Billion)
4.2 Analysis of Operating System Trends and Market Share, 2021 & 2030
4.3 Android TV
4.3.1 Market Size Estimates and Forecasts, 2018 – 2030 (USD Billion)
4.4 Tizen
4.4.1 Market Size Estimates and Forecasts, 2018 – 2030 (USD Billion)
4.5 WebOS
4.5.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
4.6 Rock
4.6.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
4.7 Other
4.7.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)

Chapter 5 Solution Estimation and Path Analysis
5.1 Market Size Forecast and Forecast and Trend Analysis, 2018 – 2030 (USD Billion)
5.2 Trend Analysis and Market Share, 2021 & 2030
5.3 4K UHD TV
5.3.1 Market Size Estimates and Forecasts, 2018 – 2030 (USD Billion)
5.4 HDTV
5.4.1 Estimated market size and forecast, 2018 – 2030 (USD BILLION)
5.5 Full HD TV
5.5.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
5.6 8K TV
5.6.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)

Chapter 6 Screen Size Forecasting and Trend Analysis
6.1 Market Size Forecast and Forecast and Trend Analysis, 2018 – 2030 (USD Billion)
6.2 Screen Size Trend Analysis and Market Share, 2021 and 2030
6.3 less than 32 inches
6.3.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
6.4 32 to 45 inches
6.4.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
6.5 46 to 55 inches
6.5.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
6.6 56 to 65 inches
6.6.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)
6.7 Over 65 inches
6.7.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)

Chapter 7 Trend Screen Forecasting and Trend Analysis
7.1 Market Size Forecast and Forecast and Trend Analysis, 2018 – 2030 (USD Billion)
7.2 Screen Type Trend Analysis and Market Share, 2021 & 2030
7.3 Flat
7.3.1 Market Size Estimates and Forecasts, 2018 – 2030 (USD Billion)
7.4 Curve
7.4.1 Estimated Market Size and Forecast, 2018 – 2030 (USD Billion)

Chapter 8 Regional Concepts and Property Analysis

Chapter 9 The Nature of Competition
9.1 Haier Inc.
9.1.1 Overview of the Company
9.1.2 Financial performance
9.1.3 Product measurement
9.1.4 Planned measures
9.2 Intex Technologies
9.2.1 Overview of the Company
9.2.2 Product measurement
9.2.3 Planned measures
9.3 Koninklijke Philips NV
9.3.1 Overview of the Company
9.3.2 Financial performance
9.3.3 Product measurement
9.3.4 Recent Developments
9.4 LG Electronics
9.4.1 Overview of the Company
9.4.2 Financial performance
9.4.3 Product measurement
9.4.4 Recent Developments
9.5 Panasonic Corporation
9.5.1 Overview of the Company
9.5.2 Financial performance
9.5.3 Measuring output
9.5.4 Recent Developments
9.6 Samsung Electronics Co.
9.6.1 Overview of the Company
9.6.2 Financial performance
9.6.3 Measuring output
9.6.4 Planned measures
9.7 Sansui Electric Co., Ltd.
9.7.1 Overview of the Company
9.7.2 Measuring output
9.7.3 Planned measures
9.8 Sony Corporation
9.8.1 Overview of the Company
9.8.2 Financial performance
9.8.3 Measuring output
9.8.4 Planned measures
9.9 TCL Electronics Holdings Limited
9.9.1 Overview of the Company
9.9.2 Financial performance
9.9.3 Measuring output
9.9.4 Recent Developments
9.10 Toshiba Visual Solutions (TVS Regza Corporation)
9.10.1 Overview of the Company
9.10.2 Financial performance
9.10.3 Measuring output
9.10.4 Recent Developments
9.11 Hisense International
9.11.1 Overview of the Company
9.11.2 Financial performance
9.11.3 Measuring output
9.11.4 Recent Developments

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